Community Healthcare Trust (NYSE:CHCT) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Community Healthcare Trust (NYSE:CHCT) from a sell rating to a hold rating in a research report released on Tuesday.

Other research analysts have also issued research reports about the company. Evercore ISI raised Community Healthcare Trust from an “underperform” rating to an “inline” rating and reduced their target price for the company from $21.00 to $18.00 in a report on Monday, September 16th. Robert W. Baird reduced their target price on Community Healthcare Trust from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Piper Sandler boosted their price objective on Community Healthcare Trust from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Finally, Truist Financial cut their price objective on Community Healthcare Trust from $30.00 to $22.00 and set a “buy” rating for the company in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Community Healthcare Trust Stock Performance

Shares of Community Healthcare Trust stock opened at $19.08 on Tuesday. Community Healthcare Trust has a 52-week low of $15.06 and a 52-week high of $29.16. The stock’s 50-day simple moving average is $17.44 and its 200 day simple moving average is $20.87. The stock has a market capitalization of $538.86 million, a P/E ratio of -212.00, a P/E/G ratio of 1.28 and a beta of 0.67.

Community Healthcare Trust (NYSE:CHCT) last posted its earnings results on Tuesday, October 29th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.39). The company had revenue of $29.64 million for the quarter, compared to analysts’ expectations of $29.06 million. Community Healthcare Trust had a negative net margin of 0.39% and a negative return on equity of 0.09%. During the same period in the previous year, the firm earned $0.63 EPS. Equities research analysts forecast that Community Healthcare Trust will post 1.84 EPS for the current fiscal year.

Community Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be given a $0.465 dividend. This is an increase from Community Healthcare Trust’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.86 dividend on an annualized basis and a yield of 9.75%. Community Healthcare Trust’s payout ratio is presently -2,066.67%.

Institutional Trading of Community Healthcare Trust

A number of hedge funds have recently bought and sold shares of CHCT. Janney Montgomery Scott LLC lifted its position in Community Healthcare Trust by 10.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 52,366 shares of the real estate investment trust’s stock worth $1,390,000 after buying an additional 4,985 shares during the last quarter. Illinois Municipal Retirement Fund lifted its position in Community Healthcare Trust by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 14,703 shares of the real estate investment trust’s stock worth $390,000 after buying an additional 558 shares during the last quarter. Swiss National Bank lifted its position in Community Healthcare Trust by 2.6% in the 1st quarter. Swiss National Bank now owns 51,100 shares of the real estate investment trust’s stock worth $1,357,000 after buying an additional 1,300 shares during the last quarter. Sei Investments Co. lifted its position in Community Healthcare Trust by 6.2% in the 1st quarter. Sei Investments Co. now owns 205,655 shares of the real estate investment trust’s stock worth $5,460,000 after buying an additional 12,022 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Community Healthcare Trust by 27.8% in the 1st quarter. Russell Investments Group Ltd. now owns 364,844 shares of the real estate investment trust’s stock worth $9,687,000 after buying an additional 79,421 shares during the last quarter. Institutional investors own 87.84% of the company’s stock.

About Community Healthcare Trust

Community Healthcare Trust Incorporated (the Company”, we”, our”) was organized in the State of Maryland on March 28, 2014. The Company is a fully-integrated healthcare real estate company that owns and acquires real estate properties that are leased to hospitals, doctors, healthcare systems or other healthcare service providers.